Sentence examples for ground rent from inspiring English sources

Dictionary

ground rent

noun

Rent paid for the land, usually for a long-term lease or in perpetuity, where the land-owner and the owner of improvements are different; the improvements are effectively security for the payment of the rent.

Exact(60)

Ground rent £250.

The leasehold of the garage comes with a £25 annual ground rent charge.

He retained the leaseholds, bought others, and collected the ground rent.

The agreement allows Gateway to charge a ground rent of £250 a year, rising with RPI.

Since then the ground rent has gone up to £32,000 a year.

But after the building was destroyed, his ground rent fell to $150,000.

You have to pay ground rent to the owner of the land, who is the freeholder.

"The initial £250 ground rent is backdated to 1961 and doubles every 10 years.

They don't mention that the ground rent doubles every 10 years".

(The amount includes a ground rent to the Battery Park City Authority, paid by all of the neighborhood's buildings).

Ground rent is £500 a year and service charges are from £3,279 up to £3,726.

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